Question

describe about function of RBI. answer properly friends!!!

Answer 1

RBI is India's central bank headquarters at bombay. central bank of country executes multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of govt. and as banker of scheduled commercial banks, etc....

Answer 2

Reserve Bank of India (RBI) is the central bank of the country. RBI is a statutory body. It is responsible for the printing of currency notes and managing the supply of money in the Indian economy. Initially, the ownership of almost all the share capital was in the hands of non-government shareholders.